Utah Admin. Code R661-25-901 - New Housing Capital Matching Program
(1) An applicant with at least 33.33% of the
capital needed for an eligible project may be eligible for the Housing Capital
Matching Program.
(2) The applicant
must be approved by the Chapter as an eligible Utah Navajo qualifying for UNTF
assistance.
(3) The matching funds
must be in the form of cash. The eligible project must be funded in full, and
cash must be received by UNTF prior to commencement of construction.
(4) The matching funds cannot be in the form
of a loan to the applicant or any other type of lien.
(5) Eligible projects include new housing,
additions, or major renovations, including ADA compliant features. Houses that
are two stories or more are not eligible.
(6) An applicant may not own another home at
the time of entering into this program.
Notes
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